Insurers Drop 2nd Circ. Appeal Of Milberg Coverage Suit

Law360, New York (April 27, 2011, 7:15 PM EDT) -- Two insurers on Tuesday dropped their Second Circuit appeal of a decision to dismiss their suit against Milberg LLP, which allegedly owed at least $5 million for defense coverage in cases related to a kickback scheme at the firm.

Lloyd's of London underwriters and Zurich Specialties London Ltd. reached a negotiated stipulation with Milberg and individual defendants to withdraw their appeal, according to a mandate issued Tuesday.

Attorneys representing Lloyd's and Milberg declined to comment on the agreement. A spokeswoman for Milberg could not immediately be...
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Case Information

Case Title

Certain Underwriters at Lloyd's, et al v. Milberg LLP et al

Case Number



New York Southern

Nature of Suit



Loretta A. Preska

Date Filed

August 26, 2008

Law Firms

UK Financial Services

UK Financial Services

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